Melbourne property 2025: top auction suburbs this spring

This Thomastown house sold at auction last month for $850,000 in the only suburb across the city to lock in a 100 per cent clearance rate for August.

A Melbourne suburb that’s home to gangland shootings and a Hells Angels clubhouse has emerged as a surprise bulletproof auction market heading into spring.

PropTrack data shows every single one of the 22 homes to go under the hammer in Thomastown across August was sold amid a shift in the city’s top spots for the sales method.

Six of the city’s 10 highest suburban clearance rates last month were also in the north, with Lalor, Craigieburn, Bundoora, South Morang and Epping all topping 85 per cent clearance rates.

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Other sales success-story suburbs were Blackburn, Mulgrave and Rowville, which all topped 90 per cent sales margins as Melbourne dominated the list of Aussie suburbs on track for the best auction results this spring.

The city accounted for 13 of the top 15 clearance rates nationwide last month.

PropTrack economics executive manager Angus Moore said while at a suburban level auction results could vary, to get 100 per cent of 22 sold was “pretty solid”.

A Blackburn South house sold for $1.81m at auction last month.

A considerably more affordable Epping home sold for $813,000.

“Melbourne is doing relatively well with clearance rates fairly firm through winter into spring,” Mr Moore said.

He said home sellers seeing strong results in their area should certainly be discussing auctions with their agent this spring, though noted individual circumstances would vary.

The economist added that rising demand for affordable homes could potentially explain why the city’s north was outpacing more expensive areas in the leafy east that have traditionally been considered the city’s auction heartland.

A South Morang house sold for $1.069m at auction last month. The suburb was one of Melbourne’s most successful for homes going under the hammer.

Mulgrave was Melbourne’s third most successful auction market in August, with this home sold for $945,500 among the 20 to snare a sale.

Real Estate Institute of Victoria interim chief executive Jacob Caine said strong results could be being driven by rising confidence in areas that had once been considered unsuitable for auctions, combined with a growing buyer appreciation for the transparency it offers.

“When you see great results, the appreciation and faith in the method can spread like wildfire,” Mr Caine said.

“And even though Thomastown has dealt with some challenges to its reputation in recent years, it still offers a vibrant community and some great opportunities.

“You can eat cuisines from across the world and it still offers a really attractive and affordable entry point to the market.”

This Bundoora house sold for $833,000 under auction conditions.

Rowville had a strong run of auction sales in August, with this three-bedroom sold for $838,000 among those to attract bidding.

The suburb’s $730,000 median house price has risen 2.8 per cent in the past year, according to latest PropTrack data.

Last year it hosted 33 auctions, but only achieved a 65 per cent clearance rate in August.

Earlier in the year Sam “The Punisher” Abdulrahim was shot at while at home in the suburb, though he was later killed in Preston.

A Hells Angels’ Nomads offshoot clubhouse has been in the suburb’s industrial precinct since at least the 90s.

MELBOURNE’S TOP SELLER SUBURBS IN AUGUST

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